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COMMUNICATIONS AND OPTICAL STORAGE
In June 2017, China reported 48 the ‘spooky action’ of quantum entanglement from its Micius satellite to ground stations separated by a record 1200 km distance (surpassing the previous 143 km record). And in September 2017, China set up its first commercial, private quantum communication network in Jinan49 for use by more than 200 government officials. China’s advances, as well as a European Union investment of more than $1 billion for a "quantum technologies flagship"50program to make quantum computing practical, hold promise for continuing growth in communications laser revenues.
SCIENTIFIC RESEARCH AND MILITARY
This trend is being echoed around the globe. Increases in defense spending worldwide are expected to push growth in the directed-energy and military laser market—estimated to be $7.4 billion in 2017—to more than $12 billion by 2022, according to a recent report 69 from BCC Research (Wellesley, MA). While the Asia-Pacific region accounts for the largest share of this market, BCC notes that developing countries in Africa and South America have huge untapped growth potential.
MEDICAL AND AESTHETIC
As has been the case for many years, aesthetic applications of lasers continue to be the primary driver for this market, which again saw record levels in 2017. Applications include tattoo, wrinkle, scar, and hair removal; fat reduction/body sculpting; and skin lightening. The U.S. and Europe are the largest markets here and both were especially strong, as were emerging areas like China and India.
ENTERTAINMENT, DISPLAYS, AND PRINTING
the biggest driver here is China, which is undergoing strong growth, including lots of new movie theaters (which feature state-of-the-art laser projectors) and an enthusiastic consumer market. By some estimates,104 China now has more movie theaters than the U.S.
